PACCAR (NASDAQ:PCAR) Trading Down 1.3%

PACCAR Inc (NASDAQ:PCAR - Get Free Report)'s share price fell 1.3% on Wednesday . The company traded as low as $115.70 and last traded at $116.01. 495,612 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 2,251,522 shares. The stock had previously closed at $117.54.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PCAR. Royal Bank of Canada began coverage on shares of PACCAR in a research note on Tuesday, March 26th. They issued a "sector perform" rating and a $123.00 price target on the stock. UBS Group upgraded shares of PACCAR from a "neutral" rating to a "buy" rating and increased their price objective for the company from $104.00 to $136.00 in a report on Friday, March 15th. Evercore ISI increased their price objective on shares of PACCAR from $94.00 to $101.00 and gave the company an "in-line" rating in a report on Tuesday, February 20th. Truist Financial began coverage on shares of PACCAR in a report on Thursday, March 14th. They issued a "hold" rating and a $117.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of PACCAR from $135.00 to $140.00 and gave the company an "overweight" rating in a report on Monday. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, PACCAR currently has a consensus rating of "Moderate Buy" and an average target price of $110.82.

PACCAR Price Performance

The stock's fifty day moving average price is $115.70 and its 200-day moving average price is $100.57. The firm has a market cap of $60.75 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 1.79 and a beta of 0.92. The company has a current ratio of 2.40, a quick ratio of 2.21 and a debt-to-equity ratio of 0.54.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its earnings results on Tuesday, January 23rd. The company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.45. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The firm had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.48 billion. During the same quarter last year, the firm earned $1.76 EPS. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities research analysts forecast that PACCAR Inc will post 8.16 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Thursday, February 15th were issued a $0.27 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.08 annualized dividend and a yield of 0.93%. PACCAR's dividend payout ratio (DPR) is presently 12.31%.

Insider Activity at PACCAR

In related news, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $106.15, for a total value of $212,300.00. Following the completion of the sale, the vice president now owns 5,726 shares in the company, valued at approximately $607,814.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $106.15, for a total value of $212,300.00. Following the completion of the sale, the vice president now owns 5,726 shares in the company, valued at approximately $607,814.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R Preston Feight sold 27,320 shares of PACCAR stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $103.17, for a total transaction of $2,818,604.40. Following the completion of the sale, the chief executive officer now owns 145,495 shares of the company's stock, valued at approximately $15,010,719.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 153,496 shares of company stock worth $15,834,812. Insiders own 2.02% of the company's stock.

Institutional Trading of PACCAR

Large investors have recently modified their holdings of the stock. OFI Invest Asset Management purchased a new stake in shares of PACCAR during the third quarter worth $26,000. AdvisorNet Financial Inc increased its position in shares of PACCAR by 188.5% during the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company's stock worth $27,000 after acquiring an additional 181 shares during the period. ST Germain D J Co. Inc. increased its position in shares of PACCAR by 61.9% during the third quarter. ST Germain D J Co. Inc. now owns 340 shares of the company's stock worth $29,000 after acquiring an additional 130 shares during the period. Riverview Trust Co purchased a new stake in shares of PACCAR during the first quarter worth $29,000. Finally, Arlington Trust Co LLC purchased a new stake in shares of PACCAR during the third quarter worth $30,000. Hedge funds and other institutional investors own 64.90% of the company's stock.

About PACCAR

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.